The population of Chance is much less affluent than average compared to others in Maryland with a median income of $47,065 per household. It's also considered a much less expensive city in terms of affordability with a cost of living adjustment score of 98.5. Chance is made up of homes that are considered relatively old with a median of 36 years.

With a determined upward trend of new sellers listing homes, including one over the last 30 days, and sales that remained the same at one in that same time frame, the Chance market will be steady. The median sales price remained unchanged over the latest reporting period for Chance, coming in at $29,000.

Chance is a smaller-than-average city in Maryland with 353 residents. Its population is also growing about even with others at a 10-year growth rate of -5.9%. Chance has an home ownership ratio of 48.9% and a renting ratio of 9.9%.

While home sales in the Chance market have been better than usual, in this week's report they slid 50.0% to one home sold over the last 30 days. In comparison, nearby Salisbury had 29 sales in the same time frame, the most of all neighboring cities. The median sales price dropped dramatically to $29,000, down from last week's $127,000.

Sales remained at one home sold over the last 30 days in the Chance market. Sellers can expect more competition, due to a three-week upward trend in homes coming into the market, now up to two for the same period. The median sales price remained unchanged over the latest reporting period for Chance, coming in at $225,000.

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